[April 30, 2013] Anadigics Up 10.2%, Shares Break Through Resistance (ANAD) Tweet Apr 30, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Anadigics (NASDAQ:ANAD) is one of today's best performing low-priced stocks, up 10.2% to $2.17 on 3.8x average daily volume. Anadigics has traded 2.3 million shares thus far today, vs. average volume of 591,000 shares per day. The stock has outperformed the Dow (10.2% to the Dow's -0.2%) and outperformed the S&P 500 (10.2% to the S&P's -0.1%) during today's trading. Anadigics has overhead space with shares priced $2.17, or 18.5% below the average consensus analyst price target of $2.66. The stock should discover initial support at its 50-day moving average (MA) of $2.01 and subsequent support at its 200-day MA of $1.76. Anadigics share prices have moved between a 52-week high of $2.87 and a 52-week low of $1.05 and are now trading 107% above that low price at $2.17 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.9%. ANADIGICS, Inc. designs and manufactures radio frequency integrated circuit solutions for the broadband and wireless communications markets. The Company's products enable manufacturers of communications equipment to enhance overall system performance, manufacturing costs, and time to market. SmarTrend recommended that its subscribers protect gains by selling shares of Anadigics on March 1st, 2013 by issuing a Downtrend alert when the shares were trading at $2.09. Since that call, shares of Anadigics have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]